Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw record closing highs in trade on Monday. While BSE Sensex closed above 80,600, Nifty50 was above 24,550. BSE Sensex ended the day at 80,664.86, up 146 points or 0.18%. Nifty50 closed the day at 24,586.70, up 85 points or 0.35%.
The top BSE Sensex gainers were State Bank of India, NTPC, Ultra Cement, M&M, ITC and Bajaj Finance.The top losers were Hindustan Unilever, HDFC Bank, ICICI Bank, Nestle India and Infosys.
As major players like Infosys, Reliance, and Kotak Mahindra Bank prepare to release their first quarter results this week, earnings will be a primary focus for investors. Analysts also anticipate that pre-budget discussions will contribute to market volatility.
Hrishikesh Yedve of Asit C Mehta suggests that the index must surpass the 24,600-24,620 resistance level to trigger fresh bullish momentum, and investors should consider buying on dips in the Nifty, with support near 24,170. India VIX, a measure of market fear, declined 1.93% to settle at 13.72 levels.
The U.S. dollar strengthened and bond futures declined on Monday as investors speculated that the assault on U.S. presidential candidate Donald Trump increased his chances of winning, potentially introducing heightened political uncertainty into markets. Thin trading conditions due to a holiday in Japan limited early activity.
Eleven stocks were in the F&O ban period today, including India Cements, IEX, ABFRL, Bandhan Bank, PEL, GNFC, Chambal Fertilisers, Indus Tower, Balrampur Chini Mills, RBL Bank, and GMR Infra. These securities have crossed 95% of the market-wide position limit.
Foreign portfolio investors turned net buyers at Rs 4,021 crore on Thursday, while DIIs sold shares worth Rs 1,651 crore. The net long position of FIIs increased from Rs 3.06 lakh crore on Thursday to Rs 3.27 lakh crore on Friday.